Abstract
The purpose of this chapter is to help the reader make the transition from optimization to the smart market. The chapter reviews some of the history of smart markets, with early examples of and proposals for smart markets. We describe the modern electricity market in some detail. The final two sections describe early research on smart markets for water, and characterize the smart market for water in comparison with other types of markets and auctions.
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APA
Raffensperger, J. F., & Milke, M. W. (2017). Introduction to smart markets. In Global Issues in Water Policy (Vol. 12, pp. 63–76). Springer. https://doi.org/10.1007/978-3-319-55008-4_4
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